Here's How Millionaires And Billionaires Really Feel About The Global Economy

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Photo: Charles Schwab

What are rich people thinking?Brokerage firm Charles Schwab aimed to answer that question in its recently completed a survey of high net-worth (HNW) individuals.  There were 504 respondents.  Each had a minimum of $1,000,000 of investable assets and were between the ages of 30 and 80.

Click Here For Key Slides From Schwab’s Presentation >

Here is what HNW clients see in the next six months:

  • 31 per cent thought unemployment was about to increase.
  • 27 per cent see a “double dip” recession coming.
  • 60 per cent expect inflation to heat up.
  • 8 per cent think energy prices will fall.

The study was accompanied by a 33 slide presentation, much of which included findings regarding the advisor-client relationship.  However, we pulled the slides relating to advisors’ and HNW clients’ thoughts on the markets and the economy.

Follow the money, right?

Click Here To See What Millionaires And Their Advisors Are Saying About The Markets And Economy >
(h/t The Big Picture)

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